Extell To Expand Assemblage With 350 East 86th Street Purchase, Upper East Side

350 East 86th StreetPre-demolition 350 East 86th Street, image via Google Maps

Extell Development is in contract to purchase the single-story grocery store at 350 East 86th Street, on the Upper East Side, for $100 million, Crain’s reports. The developer also owns neighboring sites, and can build a 20-story, 230,000 square-foot condominium building, with 200 units and retail space. The acquisition is expected to close next year, also when Gristedes’ lease expires. Extell’s plans have yet to be disclosed, and assemblage could be expanded with further acquisitions.

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1 Comment on "Extell To Expand Assemblage With 350 East 86th Street Purchase, Upper East Side"

  1. Any more news on this development? It seems like this project could be significantly expanding. All of the walk-ups on 1st Avenue between 85th and 86th now appear vacant with the exception of one building close to 85th (Capitol Chemists). This would point to a very significant total lot that Extell has accumulated if they already also own property on 85th as well as the Gristedes site.

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